The word is “nominee”, not “nominal”. The answer is yes. Sometimes the client will be grantor and trustee, but not a beneficiary. The client can wear two hats. Sometimes there is a nominee grantor, and client is a co-trustee. The other trustee must be non-related to primary trustee or beneficiary. And, client [co-trustee] has some beneficial interest [2 hats]. As grantor/settlor you have relinquished all control; therefore you are away from the picture, as grantor. As a co-trustee and not beneficiary, you are in a professional trustee role to provide service to the trust and beneficiaries.
Glowing Professional Endorsement by corporate CFO
I want you to know that your Brilliance in Commerce International Natural Law Trust is the best trust document I have ever seen. I Deeply appreciate the care with which you have written this trust agreement and the way you have packaged it with manual and a few accompanying documents to render the greatest service to your customers with simplicity of using common English instead of the Very confusing language of most statutory law agreements – – “thereto, forthwith, henceforth” . . .